I'm Nik (Nicki) and I'm planning on making the 2008 CTS the first ever cadillac for me and my family. It would be the first car I ever pay for by myself so I was wondering if it would be a better option to lease or buy. I am a college student with a job... I make around $400 a month and the car itself wouldn't be driven that much just to the train station and back to my house. I don't really know about leasing that much so any thoughts or ideas would be greatly appreciated :)

04-29-07, 08:02 PM

rblimas

Re: Lease or Buy a 08 CTS?

it depends are you planning on doing mods?

04-29-07, 08:05 PM

CadillacGurl

Re: Lease or Buy a 08 CTS?

No... I figure since its a new car I really can't mod it yet since the mods aren't out haha

04-29-07, 08:19 PM

Jon

Re: Lease or Buy a 08 CTS?

I have never leased and never plan to. Because at the end of all your payments, you still have nothing in your name.

04-29-07, 08:26 PM

rblimas

Re: Lease or Buy a 08 CTS?

Quote:

Originally Posted by cadillacETC1997sgurl

No... I figure since its a new car I really can't mod it yet since the mods aren't out haha

rims, tint, you get the point:D

PS: i thought you owned a cadillac i see you in the lounge all the time.

04-29-07, 08:33 PM

samoskacts03

Re: Lease or Buy a 08 CTS?

a lease is definately not the way to go, like jon said, nothing in your name after 2 years of payments, if you decide to buy it out, its also gonna be a ridiculous price to buy it out. Mileage can creep on you, you never know when you hit up a road trip or what not, you go over the miles and most lease contracts will have you by the short and curlies.

buy it outright, then its your CTS and you can do whatever you want with it.

BTW are you planning on throwing down one hell of a down payment?? an 08 CTS is not gonna be bought on a 400 dollar a month budget, this is not meant to be a harsh comment, but ask anyone else here with probably a 05 or hgigher and i bet there payments are around 400 if not plenty more a month.

Hopefully everything works out for ya :thumbsup:

04-29-07, 08:37 PM

rblimas

Re: Lease or Buy a 08 CTS?

Quote:

Originally Posted by samoskacts03

a lease is definately not the way to go, like jon said, nothing in your name after 2 years of payments, if you decide to buy it out, its also gonna be a ridiculous price to buy it out. Mileage can creep on you, you never know when you hit up a road trip or what not, you go over the miles and most lease contracts will have you by the short and curlies.

buy it outright, then its your CTS and you can do whatever you want with it.

BTW are you planning on throwing down one hell of a down payment?? an 08 CTS is not gonna be bought on a 400 dollar a month budget, this is not meant to be a harsh comment, but ask anyone else here with probably a 05 or hgigher and i bet there payments are around 400 if not plenty more a month.

Hopefully everything works out for ya :thumbsup:

i have a 03 and i pay a little over $400 a month. look how you spelt higher lol

04-29-07, 08:48 PM

samoskacts03

Re: Lease or Buy a 08 CTS?

Quote:

Originally Posted by rblimas

i have a 03 and i pay a little over $400 a month. look how you spelt higher lol

haha sorry brother it can stay that way, the point comes across, its a 40,000 dollar automobile and will just need a hefty down payment to be had on a 400 dollar a month budget, like say ohhhhhhhhhh 20,000 dollars

04-29-07, 08:50 PM

samoskacts03

Re: Lease or Buy a 08 CTS?

Quote:

Originally Posted by cadillacETC1997sgurl

I'm Nik (Nicki) and I'm planning on making the 2008 CTS the first ever cadillac for me and my family. :)

or maybe i misunderstood, whole fams pitching in?

04-29-07, 08:50 PM

the cadillac kid

Re: Lease or Buy a 08 CTS?

i regret leasing mine, i love this car... however, a lease does have its upsides too.

i got in jan 06 and i'm at ten or 11 thous miles right now-- i put 2500 or 3500 down and am doing 409 a month for 36 months ...

my miles arent in bad shape... keeping it to 1200 a month isnt too hard for me cus i just go to school mon-fri and out on the weekends. down the shore the summertime and i'm going to college in a few months. Also, i go out with friends and gf a lot, we all take turns driving.

if ur gonna be using it for transportation from ur apartment/dorm to the trainstation and only earn 400 a month, you should consider a lease..
..u can probably do one for about 1500 down and 300+ a month.

good luck, let us know what u decide to do.

04-29-07, 09:01 PM

samoskacts03

Re: Lease or Buy a 08 CTS?

Quote:

Originally Posted by the cadillac kid

..
..u can probably do one for about 1500 down and 300+ a month.
.

thats why leases are deceiving, 300 a month sounds splendid but is it really?? its like an apartment, why shovel your money to someone else to "loan" their car when you can be paying, maybe and most likely some more, for it to be yours! ill take the higher payment with my cadillac belonging to me in a few short years :)

04-29-07, 09:06 PM

the cadillac kid

Re: Lease or Buy a 08 CTS?

my mileage is half what it should be at this point -- i'm in great shape -- what u think i should do when my lease is up? buy it out then sell it myself? try to make SOME money; seeing as to how i'll be a crap load of miles ahead of the game.. probably a little less than half of what i should have (guestimate of 43k at end of lease and actually only having like 25)..

04-29-07, 09:06 PM

Adam

Re: Lease or Buy a 08 CTS?

Yeah but leasing is really her only option at this point and time. She can't afford to pay for one. You are looking at a mid 30k- mid 40k at around 650-750 a month for one (depending on credit).

Oh... by the way babe I GET TO DRIVE IT!

04-29-07, 09:09 PM

CadillacGurl

Re: Lease or Buy a 08 CTS?

Quote:

Originally Posted by rblimas

rims, tint, you get the point:D

PS: i thought you owned a cadillac i see you in the lounge all the time.

hehe rims :drool: no I don't own one sadly... hence why I want a CTS :D

04-29-07, 09:12 PM

CadillacGurl

Re: Lease or Buy a 08 CTS?

Quote:

Originally Posted by samoskacts03

a lease is definately not the way to go, like jon said, nothing in your name after 2 years of payments, if you decide to buy it out, its also gonna be a ridiculous price to buy it out. Mileage can creep on you, you never know when you hit up a road trip or what not, you go over the miles and most lease contracts will have you by the short and curlies.

buy it outright, then its your CTS and you can do whatever you want with it.

BTW are you planning on throwing down one hell of a down payment?? an 08 CTS is not gonna be bought on a 400 dollar a month budget, this is not meant to be a harsh comment, but ask anyone else here with probably a 05 or hgigher and i bet there payments are around 400 if not plenty more a month.

Hopefully everything works out for ya :thumbsup:

I know I have to show my parents that I can put $5K down and my dad may front me some of the money he has saved up for me over the years since I was a baby. From there I'll take over payments... if it is more than $400 I can probably pull some cash outta somewhere :)